Industry News
Multichannel Retail
Top stories summarized by our editors
9/30/2020

Minnesota's Mall of America has opened its doors to 17 small businesses owned by women and people of color whose shops were hurt by the pandemic and damaged during recent civil unrest. The mall is giving free space to the businesses for a minimum of six months as part of a new project called the Community Commons.

9/30/2020

Nordstrom will stop selling products made with fur and exotic animal skins at its namesake, Nordstrom Rack and Last Chance stores by the end of 2021. The retailer stopped using furs and exotic skins in its private-label fashion lines several years ago, and other retailers including Macy's and Bloomingdale's have made similar moves.

Full Story:
Footwear News, CNN
9/30/2020

J2 Global has struck a deal to acquire online coupon firm RetailMeNot from MacAndrews & Forbes in a deal valued at about $420 million. RetailMeNot provides coupon services for online and in-store shoppers at more than 5,000 retailers such as Best Buy, Macy's and Sephora.

More Summaries:
j2 Global, RetailMeNot, Sephora
9/30/2020

Maternal supplement brand Perelel debuts this week with a direct-to-consumer model and a focus on folate in differing amounts for various stages of pregnancy. The company, founded by millennial moms and an obstetrician-gynecologist, will also offer fertility supplements and post-partum products for use up to five years after giving birth.

9/30/2020

UK DIY retailer Homebase has created a new small-store format focused on bathrooms and kitchens. The Bathstore and Kitchens by Homebase location will sell installation services and offer design services.

9/30/2020

French luxury brand Cartier has hired former Conde Nast executive Erica Lovett to head diversity and inclusion efforts at Cartier North America. The push to create a diversity and inclusion plan will focus on the company's culture and partnerships as well as recruiting, retaining and engaging employees, Cartier North America CEO Mercedes Abramo said.

9/30/2020

Dior will debut the B27 men's sneaker at its stores in November -- priced at €790 for low-tops and €890 for high-tops. The luxury footwear comes after the brand's launch of limited-edition Air Jordan 1 OG Dior sneakers, which drew five million fans vying to pay up to $2,200 for one of the 13,000 pairs.

9/30/2020

About half of supply chain professionals in various industries say they will focus more on the circular economy in the next few years, according to a Gartner survey. Companies can better manage materials at the end of life by improving product design, says Sarah Watt, senior director analyst with Gartner's Supply Chain Practice.

Full Story:
Supply Chain Dive
9/30/2020

California Gov. Gavin Newsom has signed into law a bill requiring certain amounts of recycled plastic to be used in plastic beverage containers, starting with 15% within two years and increasing to 50% within 10 years. Glass bottles in California are already required to contain 35% recycled content.

9/30/2020

As the camera industry becomes more focused on high-end and specialized products, retailers and manufacturers need services such as those provided by KEH Camera to manage returned and outdated inventory, writes Justin Goldman, director of purchasing at KEH. He explains how the company has benefited from a partnership that began at a Reverse Logistics Association conference and encourages others to "make full use of membership in the RLA."